MRO Magazine

Research and Markets: General Lighting Market in China 2015-2019


October 14, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/vhws4t/general_lighting) has announced the addition of the “General Lighting Market in China 2015-2019” report to their offering.

The general lighting market in China will grow at a CAGR of 10.81% over the period 2014-2019.

This report covers the present scenario and growth prospects of the general lighting market in China during 2015-2019. The report covers the residential segment, commercial segment, industrial segment, architecture segment, and outdoor segment lighting products. It also covers the technology landscape of the lighting industry. The report presents an overview of China, stating significant facts and information influencing the growth of general lighting market in the country.

With a lighting trend shift toward domestic interiors, the Chinese market is likely to witness demand for personalized luminaires. Architectural lighting is used to emphasize important features of buildings or settings. For example, Philips recently introduced its latest range of motion-sensor lighting known as Hue, which can connect with certain thermostats and fire alarms to detect smoke and emit a warning signal. These are used in residential and commercial buildings. Vendors are also offering lighting options to decorate rooms designed for children.

According to the report, China’s housing market grew at a rate of 10% in the first quarter of 2015. The growth in sales was due to declining interest rates, as policy-easing measures led to the reduction of mortgage loan rates. This increased consumer interest in the real estate market and motivated them to purchase property. The government has also lowered the required payments for purchasing secondhand homes and removed certain restrictions on purchasing homes. As there is a correlation between the general lighting market in China and the residential real estate market, including construction investment, the lighting market will likely see steady growth.

Further, the report states that Chinese products are considered to be of inferior quality in other countries.

The report also categorizes the market on the following basis:

– By application: residential segment, commercial segment, industrial segment, architectural segment, and outdoor segment

– By type: LED and traditional lighting

– By technology: CFL, halogen, HID, LED, LFL, and incandescent lighting

– By form: luminaire and replacement

Key vendors

– Dongguan Kingsun Optoelectronic

– GE

– Koninklijke Philips

– NVC Lighting Technology

– OSRAM

Other prominent vendor

– Opple Lighting

For more information visit http://www.researchandmarkets.com/research/vhws4t/general_lighting

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Lighting Equipment